Brief: Micropole H1 Operating Result Stable At 1.5 Million Euros

Micropole SA

23/09/2020 16:33

Sept 23 (Reuters) - 
    * H1 REVENUE EUR 57.7 MILLION (RESTATED) VERSUS EUR 55.9
MILLION
(RESTATED) YEAR AGO
    * H1 NET RESULT OF PURSUED ACTIVITIES EUR 0.5 MILLION VERSUS
EUR
0.5 MILLION YEAR AGO
    * END-JUNE CASH POSITION AT EUR 21.2 MILLION
    * ORDER INTAKE, HEAVILY DISRUPTED IN APRIL AND MAY, HAS
IMPROVED
SINCE JUNE
    * H1 OPERATING RESULT EUR 1.5 MILLION VERSUS EUR 1.5 MILLION
YEAR
AGO
    * ORDER INTAKE REMAINS LESS SUSTAINED THAN BEFORE THE CRISIS
    * END-JUNE NET FINANCIAL DEBT EUR 2.8 MILLION (EXCLUDING
IFRS 16
RENTAL DEBT) VERSUS EUR 9.5 MILLION END-2019
    * CONTINUING TO IMPLEMENT MEASURES TO ADAPT ITS COST
STRUCTURE TO
NEW ECONOMIC CONTEXT
    * MAINTAINS MEDIUM-TERM AMBITIONS, PARTICULARLY IN TERMS OF
PROFITABILITY
    * SEES DECLINE IN Q3 REVENUES
    * HAS NOT FORMULATED ANY ANNUAL FINANCIAL TARGETS FOR FY
2020
    * SEES A GRADUAL RETURN TO PREVIOUS LEVEL OF ACTIVITY OVER
THE
LAST QUARTER

Source text for Eikon:  ID:nACT65176 
Further company coverage:  MIPO.PA 

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